Nation: DEAR TAXPAYER: GET OUT YOUR PENCIL

Under the individual income-tax cuts recommended by the House Ways and Means Committee, rates would be lowered in two stages over the next two years. The table below compares present rates on various income brackets with proposed rates. The left-hand column shows taxable income in thousands of dollars. The rates apply to married taxpayers filing joint returns. All that remains is for the taxpayer to get out his pencil and figure how much he will be saved—if the reduction ever actually becomes law.

Taxable

Income

Bracket

0-1

1-2

2-3

3-4

4-8

8-12

12-16

16-20

20-24

24-28

28-32

32-36

36-40

40-44

44-52

52-64

64-76

76-88

88-100

100-120

120-140

140-160

160-180

180-200

200-300

300-400

400 and over

Present

Rates

%

20

20

20

20

22

26

30

34

38

43

47

50

53

56

59

62

65

69

72

75

78

81

84

87

59

90

91

Proposed

Rates

(two stages)

1964 %

16

16.5

17.5

18

20

23.5

27

30.5

34

37.5

41

44.5

47.5

50.5

53.5

56

58.5

61

63.5

66

68.5

71

73.5

75

76.5

76.5

77

1965 %

14

15

16

17

19

22

25

28

32

36

39

42

45

48

50

53

55

58

60

62

64

66

68

69

70

70

70

...

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